Is $ATEN ready to come up on the right side of its base?

2022년 8월 3일

Notes:
* Strong up trend since 2020
* Great earnings track record
* Basing for the past ~9 months
* Just broke back above IPO highs of $14.9 on the monthly time frame and retested it as support
* Recently came above its 200 day line and now coming above its 50 day
* Showing strength and accumulation
* Printed a pocket pivot in the last session indicating institutional demand

Technicals:
Sector: Technology - Software - Infrastructure
Relative Strength vs. Sector: 23.55
Relative Strength vs. SP500: 4.61
U/D Ratio: 1.59
Base Depth: 50.68%
Distance from breakout buy point: -18.94%
Volume 5.58% above its 15 day avg.

Trade Idea:
* This is offering a low risk entry so you can enter now as the price is still close to its 50 day line and just retested $14.9 (Historical highs) as support
* If you're looking for a better entry you may be able to find one around the $14.9 area as that should hold as support moving forward

* This stock usually has local tops when the price closes around 17.84% above its 50 EMA
* Consider selling into strength if the price closes 17.64% to 18.04% (or higher) above its 50 EMA
* The last closing price is 6.26% away from its 50 EMA